I'll answer first, and then, I'll turn it over to Ms. Rogers to speak to price stability.
The first thing I want to point out is that climate change policy is decided by the government and Parliament. It is not our job to come up with climate change policy, but we do have a role to play.
Two aspects of our mandate are affected by climate change.
First, climate change can affect the stability of the financial system. A very quick change in certain asset prices could impair the financial system and have a negative impact on the economy. Ms. Rogers can give you more information about the study.
Second, climate change can affect monetary policy. Climate change can have a significant impact on the economy. That is especially true when it comes to the transition to a lower carbon economy, which will require huge changes. To fulfill our mandate in relation to price stability, we have to understand, and take into account, those negative effects when considering monetary policy.